Fisher Real Estate Acquires Single Family Home In Nantucket, MA For $8.25M
SOLD
$8,250,000
Massachusetts
See Similar DealsSingle Family Residence8,748 SF
Sold 12/03/2020
SOLD
Fisher Real Estate Acquires Single Family Home In Nantucket, MA For $8.25M
1 Pochick Avenue, Nantucket, MA, USA
See Similar DealsSingle Family Residence8,748 SF
Sold 12/03/2020
Summary
MASSACHUSETTS
Asset Type:Single Family Residence
Price Per Square Foot:$943
Total Square Footage:8,748 SF
Transaction Type:Sale
A single-family property located at 1 Pochick Avenue in Nantucket, MA has been sold for $8,250,000. The property spans 8,748 square feet and is situated on 5.67 acres of land. The price per square foot is estimated to be $943, with a price per acre of approximately $1,455,026.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $8,250,000
- Market: Nantucket, MA
Gloria Grimshaw, representing Jordan Real Estate, served as the seller's representative in the deal. On the buyer's side, J. Brent Tartamella from Fisher Real Estate acted as the buyer's representative.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$439,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,310.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,109.21
Annual Debt Service$469,310.51
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